(NEW YORK) — The United States’ economic growth forecast was cut sharply on Tuesday by the Organization for Economic Co-operation and Development, or OECD, which attributed the gloomy outlook in part to tariffs issued by President Donald Trump.

The OECD expects the U.S. economy to grow 1.6% in 2025, marking a substantial reduction from a 2.2% expansion forecast in March.

The nation’s economic growth will slow further in 2026, the OECD said, cutting its forecast for that year to 1.5%.

The dampened outlook for the U.S. mirrors a slowdown expected for the global economy, the OECD said, predicting global economic growth to fall from 3.4% in 2024 to 2.9% in 2025.

“Global economic prospects are weakening,” the OECD said in a statement, pointing to an array of factors that includes “substanti

See Full Page